The wireless charging market was valued at USD 509.9 Million in 2013 and is expected to grow at a CAGR of 60.26% between 2014 and 2020. The base year used for study is 2013 and the forecast period is between 2014 and 2020. This report provides a detailed analysis of the market segmented on the basis of technologies, transmission range, applications, and regions. The user friendliness, wireless charging enabled smartphones, and inclination of consumers toward wireless charging is expected to impact the future of the wireless charging market.

The research methodology used to estimate and forecast the wireless charging market began with capturing data on key vendor revenues through secondary research. The vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of the key players in the market. After arriving at the overall market size, the total market was split into several segments and sub-segments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, Directors, and Executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and sub-segments. The breakdown of profiles of primary is depicted in the below figure:

“Study answers several questions for the stakeholders, primarily which market segments to focus in next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report segments the wireless charging market to following subsegments:

Wireless Charging Market By Technology:

Inductive Technology

Radiation Technology

Others (Laser beam)

Wireless Charging Market By Transmission Range:

Short range

Medium range

Long range

Wireless Charging Market By Application:

Consumer Electronics

Defense

Healthcare

Automotive

Industrial

Others

Wireless Charging Market By Region:

Americas

Europe

Asia-Pacific

Rest of the World

Available customizations:

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players

The wireless charging market is expected to grow at a CAGR of 60.26%, between 2014 and 2020, and forecast to reach USD 13.7 Billion by 2020. The factors driving this market include the user friendliness, wireless charging enabled smartphones, ability to charge multiple devices, and consumer inclination toward wireless connectivity.

There is a growing market for wireless charging in consumer electronics, automotive, and industrial. The growing wireless charging enabled smartphones; tablets; laptops; and wearable electronics such as smart watches, gears, and health monitoring devices are supporting the growth of consumer electronics sector in the market. Moreover, in industrial sector, wireless charging is best when working in harsh operational conditions, such as mining, forestry and construction machinery, and material handling applications. In the coming years, the industrial application of wireless charging market is expected to grow at a fast pace.

The wireless charging market is segmented on the basis of technologies into inductive and radiation. The inductive technology is expected to show potential growth. This is mainly due to the fact that a majority of the wireless charging enabled devices are being developed based on the resonance technology. Also, inductive charging technology utilizes an electromagnetic field for the transmission of energy between two objects. These objects can include mobile phones, tablets, MP3 players, laptops, iPods, and other electronic devices, which require power and are charged by themselves through inductive charging. The transmission of energy is done with a charging station. These factors are driving the growth of inductive technology in the wireless charging market.

Consumer electronics holds the largest wireless charging market in Asia-Pacific, whereas the healthcare application is expected to grow at a high CAGR between 2014 and 2020. The major reasons driving the growth of wireless charging in the APAC market is huge demand from electronics market, including mobile phones, laptops, tablets, and headphones among others along with the adoption of new technology by the end users, which has raised the demand for wireless charging enabled electronics devices.

The lack of universally accepted standards and interface with other electronic devices act as a restraint for the growth of the market. In the wireless charging market Integrated Device Technology, Inc. (U.S.) designs, develops, manufactures, and markets a broad range of low-power, high-performance mixed signal semiconductor solutions. It offers communication solutions for customers within the enterprise, data center, and wireless market. Also, the company invests heavily in R&D for designing innovative products to match the market needs, and explore new opportunities in the market to drive growth and profitability. Recently, in October 2015, the Integrated Device Technology, Inc. with Samsung delivered wireless charging for its Galaxy S6 edge+ and Galaxy Note5 smartphones, wireless charger, and Samsung Gear S2 smartwatch charging pad. The product launches of the company have made it one of the prominent players in the wireless charging market.